Tomo Credit score Card Assessment: Your New Credit score-Constructing Device?


Being caught with poor or restricted credit score historical past is like swimming in opposition to the tide with an anchor weighing you down. 

The Tomo card claims to be a lifeline, no matter your credit score rating. Whereas it doesn’t bathe you with rewards, it may assist you enhance your credit score historical past.

Is Tomo simply one other sinking ship disguised as a credit score builder? 

Let’s discover out—

This text will present you:

  • Every part you should know in regards to the Tomo card. 
  • If it could possibly assist you enhance your credit score rating.
  • How Tomo compares to different credit-building playing cards. 

Learn extra: 

Tomo Credit score Card at a Look 

Full title: Tomo Cost Card 

Greatest for: These with poor credit score 

Issuer: Group Federal Financial savings Financial institution

Required credit score rating: No credit score test

What’s The Tomo Credit score Card?

The Tomo Card is a cost card designed to assist improve your credit score historical past. 

The cardboard units itself aside by not doing a credit score test if you apply. So even when you’re simply beginning out and don’t have a credit score rating but—you continue to have good approval odds

One of many key advantages of the Tomo Credit score Card is its credit-building options. 

The cardboard experiences to all three credit score bureaus—so when you use the cardboard responsibly and hold making on-time funds, you’ll be able to work your technique to a optimistic credit score historical past. 

You’ll be able to handle your account simply via Tomo’s user-friendly cellular app. From checking your stability and making funds, you’ll be able to entry every thing on the go. 

How does the Tomo Credit score Card work? 

Right here’s a breakdown of how the cardboard works:

Software course of

When making use of on-line, Tomo gained’t provide the chilly shoulder for not having a credit score historical past. 

They know everybody begins someplace, so that they even contemplate functions from of us new to the credit score sport.

Credit score restrict

As soon as authorized, they’ll provide you with a credit score restrict, starting from $100–$10,000. 

However you’ll be able to’t discover your spending energy earlier than making use of, as it could possibly rely in your private and monetary particulars. 

Making purchases

You should use the Tomo Credit score Card to make purchases similar to every other card. 

Whether or not it’s shopping for groceries, reserving flights, or treating your self to a spa day, the cardboard is accepted by thousands and thousands of retailers worldwide.

Compensation choices

When it’s time to pay the piper, you could pay your stability in full in every cycle. 

Their seven-day automated cost function ensures you make these well timed funds. 

Constructing credit score

The Tomo Card experiences to all three credit score bureaus, so by utilizing the cardboard responsibly you’ll begin constructing a credit score historical past. 

Having a good credit score rating opens doorways to higher mortgage phrases, decrease rates of interest, and elevated monetary alternatives. 

Keep in mind

Accountable bank card utilization is vital. Finances correctly, hold monitor of your spending and make sure you make funds on time to keep away from any adverse results in your credit score historical past. 

Attempt our debt payoff calculator to remain on prime of your funds.

The Tomo Credit score Card is usually a useful gizmo that will help you in your credit-building journey, nevertheless it’s as much as you to make use of it responsibly.

Learn extra:

Tomo Credit score Card: Fast Abstract Assessment

Right here’s a temporary overview of the Tomo card:

* Tomo doesn’t have annual charges however expenses an annual participation payment of $35.88.

** Tomo used to supply 1% rewards, however they stopped doing this in 2023. 

Tomo Credit score Card Charges 

Tomo makes it clear that they don’t cost annual charges. 

Whereas that is technically true, they do cost an annual participation payment of $35.88 (or $2.99 per thirty days).

Because you’ll be paying this cost yearly, we’ve included it because the annual payment in our breakdown:



Annual payment

$35.88 (or $2.99 per thirty days)

Processing payment


Month-to-month upkeep payment




APR for money advances


Stability switch payment 


Money advance payment 


Overseas transaction payment


Late payment 


Minimal curiosity cost payment 


Returned cost payment 

As much as $40

Over restrict payment 


Extra card payment 


And when you’re taking a look at this and fascinated about how they make any cash, it’s easy. Each time you whip out your card and make a purchase order, Tomo receives a small payment from the service provider.

Tomo Credit score Card: Execs & Cons 

Time to see if the Tomo advantages outweigh the drawbacks—


  • No credit score test. 
  • Can’t carry a stability.
  • Consumer-friendly cellular app.
  • Credit score-building advantages. 
  • Mastercard perks.
  • Potential for larger credit score limits.


  • No sign-up bonus. 
  • Participation charges.
  • Poor buyer opinions. 
  • No spending rewards or cashback. 

Execs: What We Like

No credit score test

With the Tomo Credit score Card, you don’t have to fret about that low credit score rating dragging you down.

Their no credit score test system signifies that even when you’re simply beginning or have a restricted credit score historical past, you continue to have a shot at getting authorized.

Try the finest bank cards for unhealthy or no credit score.

Can’t carry a stability 

Whereas this can be inconvenient for some, not carrying a stability may be useful when you’re attempting to enhance your credit score rating

By not having a stability, you gained’t accumulate debt and have to fret about these sneaky curiosity expenses.

Consumer-friendly cellular app

The Tomo Credit score Card comes with a user-friendly cellular app. 

You’ll be able to monitor your spending, handle your account and make funds in just some faucets. 

On a much less optimistic notice, the app has obtained low scores of two.5/5 and three.1 on Google Pay and the Apple Retailer, respectively (although many of those opinions deal with the companies somewhat than the app itself). 

Credit score-building advantages 

Constructing credit score can really feel like climbing a mountain. And with the Tomo Credit score Card, you get a leg up. 

Through the use of the cardboard responsibly and making common, on-time funds, you can begin constructing a optimistic credit score historical past. That is essential as a result of it lays the muse for higher monetary alternatives sooner or later. 

Be taught extra about constructing credit score with a bank card

Mastercard perks

Once you carry the Tomo Credit score Card, you unlock a spread of Mastercard perks. 

This features a 24/7 concierge service, ID safety, zero legal responsibility, and world help. 

You additionally get the liberty to make use of Tomo anyplace they settle for Mastercard, which covers thousands and thousands of retailers throughout 200 international locations.

Potential for larger credit score limits

With accountable utilization, the Tomo Credit score Card presents the potential for larger credit score limits over time (as much as $10,000). 

As you show your creditworthiness, Tomo will acknowledge your progress and should provide you with entry to extra spending energy. 

Cons: Issues to Contemplate 

No sign-up bonus 

When signing up for the Tomo Credit score Card, don’t anticipate to obtain a sign-up bonus. 

In contrast to different playing cards that attempt to woo you with assertion credit or bonus factors, Tomo skips the introductory bonus bandwagon.

Participation charges 

Tomo’s promise of no annual charges is just a little deceptive. 

To take care of your Tomo Credit score Card, there’s a participation payment of $35.88 yearly (or $2.99 per thirty days). 

This won’t look like a lot, nevertheless it’s nonetheless useful to issue on this value when contemplating the general worth the cardboard can convey to your pockets.

Poor buyer opinions 

The Tomo Credit score Card at the moment has a score of 1.8/5 from 63 opinions on Trustpilot, to not point out the poor opinions from iOS and Android customers. 

We suggest studying these opinions to gauge potential pitfalls or issues from precise customers. 

On the similar time, bear in mind everybody’s expertise is completely different, so weigh buyer suggestions in opposition to different elements earlier than deciding.

No spending rewards or cashback 

Whereas the Tomo Credit score Card presents a number of advantages (principally via Mastercard) it doesn’t at the moment present spending rewards or cashback. 

That is solely a latest growth, as they used to supply a flat 1% cashback on all eligible purchases. Sadly, this transfer means customers are now not rewarded for his or her spending habits. 

However strive to not focus an excessive amount of on rewards, particularly for a card designed for low credit score. 

It is essential to see past the tempting rewards or introductory presents and dig into the small print. Assess the cardboard’s charges—is there an annual payment and do the cardboard’s advantages justify that expense? It is also essential to think about different potential prices, like international transaction charges or penalties for late funds.

Sudhir KhatwaniFounding father of The Cash Mongers

Should you’re nonetheless eager for rewards, you’ll must qualify for these prime cashback playing cards

Tomo Credit score Card: Issues to Know 

How one can apply for the Tomo bank card

Right here’s a step-by-step information to making use of for the Tomo card: 

  1. Go to the Tomo Credit score Card web site: Head over to the Tomo Credit score Card web site, the place yow will discover the appliance icon within the prime proper nook. 
  2. Fill out the appliance type: Full the appliance type along with your private info, equivalent to your title, handle, and Social Safety quantity. 
  3. Hyperlink your checking account: You’ll need to hyperlink your checking account as a part of the Tomo software course of. You may have the choice to hyperlink from checking, funding accounts, or financial savings accounts
  4. Anticipate approval: The Tomo Credit score Card crew will overview your software and contemplate elements past your credit score rating. Simply remember that when you get rejected, you gained’t be capable of apply once more. 
  5. Get authorized: When you obtain that superb approval notification, you’ll have to attend seven to 10 enterprise days to obtain your new Tomo Credit score Card within the mail. You’ll be able to then activate your card from the TomoCredit app or net dashboard.

How one can get authorized for the Tomo bank card 

Comply with these steps to maximize your possibilities of getting authorized for the Tomo bank card:

Construct a strong monetary basis

Tomo doesn’t test your credit score rating, however there’s no hurt in displaying them you’re a reliable candidate. 

Make sure that to pay your payments on time, handle your current money owed, and preserve a wholesome credit score utilization ratio (purpose for beneath 30% of your credit score restrict).

Collect your paperwork

Seize your paperwork to breeze via the appliance course of. Have your identification, proof of revenue, and every other required paperwork prepared. 

And when you’re not a US citizen, you’ll want a sound SSN or ITIN and a government-issued ID. 

Present correct info

Be sincere and correct when filling out your software. Double-check each element to keep away from any pink flags or discrepancies that might hinder your approval. 

Keep in mind that you may’t apply once more when you’re rejected. 

Apply even and not using a credit score historical past

Don’t fear when you’re new to the credit score sport. The Tomo Credit score Card guarantees to let it slide in case your credit score historical past is missing. 

They contemplate functions from of us and not using a credit score historical past and don’t even ask for any collateral. 

For all of the credit score newbies, discover ways to construct your rating at 18

Does the Tomo bank card report back to the credit score bureaus?

Sure, the Tomo Credit score Card experiences your credit score exercise to all three main credit score bureaus (Equifax, TransUnion, and Experian). 

This implies you’ll be able to enhance your rating by utilizing the cardboard responsibly. 

When your cost historical past, credit score utilization, and account habits are reported to the credit score bureaus, it paints an image of your total creditworthiness. 

This issues, as lenders and different monetary establishments sometimes depend on credit score experiences when making selections about granting loans, issuing bank cards, or setting rates of interest. 

So by utilizing your Tomo Credit score Card correctly and making well timed funds, you’ll be able to open doorways to higher monetary alternatives down the street. 

Learn extra: 

The place can you utilize the Tomo bank card?

You should use the Tomo bank card on-line and with thousands and thousands of retailers throughout 200 international locations the place Mastercard is accepted.

Sadly, you don’t get any rewards for splurging—however Tomo does provide reductions and offers that include its Mastercard standing. 

Right here’s a rundown of the spending perks:





Free 3 months of DashPass and $5 off every month.



Free membership, free two-day transport, and free returns.



Take 3 rides with Lyft and earn $5 in credit score.



Spend $20 on film tickets or streaming and get $5 off your subsequent buy.


Priceless Cities

Entry to journey rewards in over 40 cities across the globe.


Priceless Golf 

Unique PGA Tour experiences and entry to 1,000+ non-public golf equipment.


Is the Tomo bank card protected?

As a Mastercard, the Tomo Credit score Card presents a zero fraud legal responsibility coverage

This implies when you come throughout any unauthorized expenses, they gained’t maintain you accountable. 

And the money in your Tomo Credit score Card account can be FDIC-insured, so your cash is protected. 

For on-line transactions, the Tomo Credit score Card makes use of encrypted connections and follows industry-standard practices to guard your info. 

These measures assist safeguard your knowledge from threats and guarantee safe on-line transactions.

If you end up disputing a cost in your Tomo Credit score Card, simply head to your dashboard, click on on the transaction, and click on the “Dispute” button. 

Fill out a type with all the small print, then muster all of your endurance as you’ll be ready 60 days or extra for a decision. 

Is the Tomo bank card legit?

Sure, Tomo Credit score is a authentic firm with headquarters in San Francisco. 

Dmitry Kashlev and Kristy Kim based the corporate in 2018, and its since had 22 traders (together with Hypen Capital and Mastercard).

The Tomo Credit score Card additionally has a powerful on-line presence with a devoted web site that gives all the small print about its companies, charges, and phrases. 

This transparency is vital to establishing belief and displaying their legitimacy as a bank card supplier.

When contemplating any monetary product, it’s all the time sensible to do your analysis to make sure the establishment is legit. Within the case of the Tomo Credit score Card, its registration, partnerships, and clear on-line presence all contribute to its credibility. 

Tomo Credit score Card Buyer Opinions 

Nonetheless, simply because one thing is legit doesn’t imply it’s well-liked. Tomo Credit score has obtained a disastrous 1.8/5 from 63 opinions

Many purchasers have highlighted Tomo’s latest adjustments, equivalent to eliminating cashback rewards and introducing participation charges, “They need to let the individuals who signed up earlier than the brand new charges rule proceed to get a $0 annual payment. As an alternative, Tomo is holding our credit score profiles hostage, as we should pay a payment to maintain the account open and never harm our credit score by closing.

Many have additionally criticized their customer support, “There isn’t any cellphone quantity to contact them, it was simply by luck and an e-mail that I lastly spoke with somebody. Nonetheless, their customer support is horrible, and the folks answering the cellphone are extraordinarily impolite.”

Regardless of the overwhelming quantity of adverse opinions, 6% of customers gave Tomo a five-star score.

One glad buyer mentioned, “This was my first card as a pupil, and with the ability to construct credit score with out having a credit score historical past was precisely what I wanted. The advantages are all proper, however it is a builder’s card at its root.” 

How Does the Tomo Credit score Card Evaluate? 

If these adverse opinions have left a nasty style in your mouth, you’re free to discover different choices.

Listed below are some extra credit-building playing cards price trying out:


Tomo Credit score Card

Petal 2 Visa Credit score Card

Self-Visa Credit score Card

Annual payment





No rewards

1% cashback on eligible purchases

As much as 1.5% cashback on eligible purchases after making 12 on-time month-to-month funds

As much as 10% money again on purchases with choose retailers

No rewards

Intro provide

No intro provide

No intro provide

No intro provide

Petal 2 Visa Credit score Card

The Petal 2 card is a good credit-builder choice with a beneficiant rewards program.

You’ll begin with 1% cashback on eligible purchases, and when you persistently make 12 on-time month-to-month funds, you’ll be able to unlock as much as 1.5% cashback. Plus, there’s the potential for two% to 10% cashback at choose retailers. 

Apprehensive about missing credit score historical past? Petal’s issuer, WebBank, considers numerous elements like revenue, financial savings, and spending to qualify you for the cardboard. 

Keep in mind

Petal could must hyperlink to your main checking account to evaluate cost historical past. 

Self Visa Credit score Card

To get the Self Visa Secured Credit score Card, you could open a Self Credit score Builder Account. 

It’s a secured credit score constructing mortgage, funded by certainly one of Self’s companions and held in an interest-bearing CD somewhat than being given on to you. 

To entry a portion of these funds (after deducting charges), you’ll must make flat funds for both 12 or 24 months. 

No credit score test or further deposit is required, and Self will inform you when you qualify.

Upon getting the cardboard, there’s a $25 annual payment, which is charged if you open your account, after which as soon as per yr to maintain the cardboard lively.

You should use the Self Visa Secured Credit score Card similar to every other Visa secured bank card. 

Keep in mind

It’s essential to repay your stability in full every month, as the cardboard will turn into unusable when you attain the utmost stability.

Tomo Credit score Card: Helpful Hyperlinks 

Is the Tomo Credit score Card Good For Me?

The Tomo bank card is sweet for—

  • People seeking to construct credit score.
  • These in search of unsecured bank cards.
  • Anybody with a low or restricted credit score rating.

The Tomo Credit score Card is usually a strong selection if you wish to construct credit score. Whether or not you’re beginning your credit score journey or aiming to enhance your credit score historical past, this card gives a chance to determine a optimistic credit score report. 

Nonetheless, Tomo loses factors for not having a rewards system and charging participation charges. 

Keep in mind

If you wish to earn cashback or different rewards, there are many playing cards on the market that might be a greater match. 

Lastly, Tomo doesn’t do a credit score test—so, regardless of the shortage of rewards, you continue to have the possibility to get your arms on the cardboard, construct your credit score, then graduate to a greater bank card. 


Is Tomo bank card?

The Tomo Credit score Card is a strong choice you probably have poor or restricted credit score. 

One in all its key benefits is that it doesn’t require a credit score historical past, making it accessible to these new to credit score. That is particularly useful for these seeking to set up and construct their credit score. 

Nonetheless, when you desire a card with rewards, you is likely to be higher off taking a look at different choices, such because the Petal 2 Visa. It additionally accepts these with poor credit score however with the added advantages of cashback and no annual charges. 

Try extra reward bank cards

Is Tomo bank card secured or unsecured?

The Tomo Credit score Card is an unsecured bank card. In contrast to secured bank cards, it doesn’t require a safety deposit as collateral. 

With unsecured bank cards, they grant you a credit score restrict primarily based on elements equivalent to your monetary historical past, revenue, and different related standards. 

This offers you the flexibleness to make purchases and construct credit score with out having to tie up funds in a safety deposit.

Are you able to get Tomo bank card pre-approval?

Tomo Credit score Card does provide pre-approval. 

The method includes filling out varieties with normal ID particulars equivalent to your title, date of delivery, Social Safety quantity or Particular person Taxpayer Identification Quantity, and authorities ID.

You’ll additionally need to hyperlink at the very least certainly one of your financial institution accounts to your Tomo profile.

By going via the pre-approval course of, you get an thought of whether or not you’re more likely to be authorized for the cardboard with out impacting your credit score rating

That is useful as a result of it permits you to assess your eligibility and see your possibilities of approval earlier than making use of.

Is Tomo credit score a rip-off?

No, Tomo Credit score will not be a rip-off—it’s a authentic monetary service supplier. 

They’re registered and function throughout the authorized framework, making certain compliance and shopper safety. 

Tomo Credit score has partnered with respected establishments like Visa, providing you the advantages and comfort of their bank card. 

Their on-line presence gives in-depth details about their companies, charges, and phrases. 

Should you’re nonetheless on the fence, try extra prime bank cards.

How one can cancel the Tomo bank card?

To cancel your Tomo Credit score Card, comply with these easy steps:

  1. Contact buyer assist: Attain out to Tomo’s buyer assist crew via their offered contact channels, equivalent to cellphone or e-mail.
  2. Request cancellation: Politely inform them that you just wish to cancel your Tomo Credit score Card and supply any obligatory particulars they could require for verification.
  3. Comply with directions: Comply with their directions for the cancellation course of, which can embody confirming your id and offering any obligatory documentation.
  4. Guarantee affirmation: Request affirmation of the cancellation in writing or via e-mail in your data.

Keep in mind, it’s essential to overview the phrases and situations of your bank card settlement to know any cancellation insurance policies or related charges. 

Additionally, remember that closing your account may trigger your credit score rating to take a success. 

How do I contact Tomo customer support? 

If you wish to contact customer support, you gained’t discover the Tomo bank card cellphone quantity on their web site. As an alternative, it’s important to e-mail them at [email protected]

Primarily based on opinions, many say they’ve encountered quite a few issues with customer support, highlighting impolite service and communication points. 

To keep away from this, it’s price trying out Tomo’s FAQ web page which has the solutions to many frequent questions. 

What’s the utmost Tomo card credit score restrict enhance?

Tomo’s credit score limits vary from $100 to $10,000—however the most credit score restrict enhance for the Tomo Credit score Card can range relying in your credit score habits and monetary elements. 

Tomo evaluates every cardholder’s account and considers credit score restrict will increase primarily based on cost historical past, revenue, and credit score utilization. 

And remember that demonstrating accountable credit score habits, equivalent to making on-time funds and sustaining low credit score utilization, can enhance your possibilities of receiving a credit score restrict enhance.


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